Assurant, Inc. (AIZ) Shares Bought by Nordea Investment Management AB
Nordea Investment Management AB grew its stake in Assurant, Inc. (NYSE:AIZ) by 44.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,042 shares of the financial services provider’s stock after purchasing an additional 4,022 shares during the period. Nordea Investment Management AB’s holdings in Assurant were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Assurant in the 1st quarter valued at approximately $122,000. State of Alaska Department of Revenue boosted its stake in shares of Assurant by 6.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,950 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 114 shares in the last quarter. Atria Investments LLC acquired a new stake in shares of Assurant in the 2nd quarter valued at approximately $214,000. Thrivent Financial For Lutherans acquired a new stake in shares of Assurant in the 2nd quarter valued at approximately $216,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Assurant in the 1st quarter valued at approximately $228,000. Institutional investors own 90.77% of the company’s stock.
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Assurant, Inc. (AIZ) opened at 96.04 on Friday. Assurant, Inc. has a one year low of $78.50 and a one year high of $106.99. The company has a 50-day moving average of $94.88 and a 200-day moving average of $99.30. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 12.62 and a beta of 0.79.
Assurant (NYSE:AIZ) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.05. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. Assurant had a return on equity of 6.70% and a net margin of 6.53%. Assurant’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 earnings per share. Equities research analysts expect that Assurant, Inc. will post $5.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Monday, August 28th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, August 24th. Assurant’s dividend payout ratio is currently 27.89%.
Separately, BidaskClub downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
Assurant, Inc is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business).
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